November 25, 2021
Comrade Omarova’s nomination crashes and burns as five Dem senators announce opposition to her appointment as Comptroller of the Currency
By Thomas Lifson
The radicals who tell Joe Biden what to do as president overreached when they had him nominate Saule Omarova as Comptroller of the Currency, a powerful regulator of the banking system. The émigré from Soviet era Kazakhstan, a Lenin Scholar at Moscow State University, earned a credential as a PhD from the University of Wisconsin, while also earning the credential of thief for an arrest for shoplifting in Madison, demonstrating contempt for private property. Naturally, she ended up as a professor.
That contempt, along with a Soviet commissar’s view of private enterprise, when she expressed a desire to starve oil and gas producers of capital and drive them into bankruptcy, made it difficult for Democrat senators in swing states to vote for her confirmation.
Then, there was her plan, expressed in an academic paper, to sweep bank deposits into the Federal Reserve Bank, all the better “for generating, modulating, and allocating financial resources in a democratic economy—the People’s Ledger.” My colleague Monica Showalter suspects that senators started hearing from constituents who did not want “the People’s Ledger” to hold onto their financial resources and possibly loot them for public purposes like controlling inflation or redirecting capital into politically favored hands like Solyndra.
more
https://www.americanthinker.com/blog/2021/11/comrade_omarovas_nomination_crashes_and_burns_as_five_dem_senators_announce_opposition_to_her_appointment_as_comptroller_of_the_currency.html
